The Economy is Taking Off

Written by Andy Pratt on .

The Department of Labor Statistics’ monthly Employment Report is perhaps the most followed and reported on piece of economic data. This report produces the official estimate of unemployment in the United States. A couple of years ago when we started providing updates on Jobs Day, the unemployment rate had implications on how the Federal Reserve would conduct monetary policy. As unemployment slowly fell the narrative was about the painfully slow pace of the economic recovery and when the Fed eventually ended QE, the concern in the market was if the economy was strong enough to stand on its own.

The growth in jobs since then has been extraordinary.

November's Huge Jobs Report

Written by Andy Pratt on .

Did you know that 2014 is on pace to record the strongest year of job growth since 1999? The economy has added 10.2 million jobs since the recession's low point and, despite Americans thinking that the unemployment rate is higher than it actually is, the unemployment level is just 2 tenths off the Fed’s target for 2015 at 5.8%. The economy is picking up steam and November continued the trend.

Happy Veterans Day

Written by Sherrie Campbell on .

The Burney Company would like to thank all of the men and women who have served and who currently serve in the armed forces for your service to this country.

The Employment Picture is Getting Better

Written by Andy Pratt on .

The first Friday of every month the Bureau of Labor Statistics releases the Labor Report showing how many jobs were gained or lost in the economy over the previous month. Expectations for October’s Jobs Report were high:

  • Payrolls: +234k
  • Unemployment: Down to 5.8%

And the report did not disapoint:

Ride Out the Volatility

Written by Andy Pratt on .

In the research section of our website, there is a note written by Lowell Pratt on May 9th, 2011 titled Time to Cash Out of the Market?  In the note, Lowell establishes expectations for the market that every investor must realize:

The most reliable aspect of the market is the fact panics WILL occur…to try to avoid them leads to the market timers bane, which is being out of the market when it’s about to perform best and in the market when it’s the most comfortable, and therefore most vulnerable.